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MANAUSD trade ideas

Just a few more percent to this crash?Just last night, I was evaluating my posts by simply going as far back as October and pressing the "play" icon on my charts and was not short of amazed at how they played out. I even played the first one for my 9-year-old..."cool?," she asked, uninterested in what helps finance her horseback riding lessons? They actually don't pay for her riding lessons. I frequently "take profits," but have never taken profits out of the market, simply reinvesting them to accumulate more tokens and coins. Technical analysis works. I've mentioned a dozen times that the trickiest part is "function of time," and of course navigating Covid, BTC, and Evergrande type scenarios. That being said, today, it all comes down to BTC testing/holding $46k in the next couple of hours. Whenever BTC tanks 10%, alts like MANA, ENJ, will almost double in volatility. Conversely, the rebounds are equally explosive. BTC support is huge at $46k and about 2% away. MANA has an equally significant support a little over 3% away around $3.20-$3.26. After taking holiday profits yesterday, I was hoping to get back in at $3.52, accumulating a few thousand tokens with this move. Well, that wish came true and it continued to drop. That's the crypto game and by this time tomorrow, it won't even matter. On a good note, since I was predicting a $0.40 correction, and it was 1am when I made the decision to go to sleep, I only reinvested 30%. This is another good lesson for new traders. Never put all your eggs in one basket...dollar-cost averaging is a great way for newbies and pros to safely enter a market. So, sit tight, this will be all better in the hours/days ahead. $2.80, $3.02 are other support zones should BTC head to $42-44k area. Keep an eye open as $3.30 also offers significant support, we may not see a drop to $3.20's. Another silver lining to today's drop is that BTC blew right through $49k. Should it have really stalled (it did a little), it could have formed a devastating Head & Shoulder pattern, that would have triggered greater potential losses. It's tricky to think this way, but sometimes a larger short-term drop is favorable depending upon the bigger picture we draw from market indicators. This is not financial advice. More "Non-Advice" for new traders: -Do your research. Don't listen to 99% of what you hear in the media. Know the product you are investing in. -Don't panic...it will always retrace a 2nd time...you didn't miss out. -If you missed out, do more research and create a new position. -Consult a financial advisor, especially when it comes to Capital Gains. -Diversify. Just like the traditional stock market, Crypto has facets of different functionality from a store of value, to platforms for projects, to the companies that create the projects, NFT's, metaverse, etc... Block-chain will have just as profound an impact as the www. had. I used to think 15% of an investment portfolio should be in the crypto space. I have since bumped that to 30% and during a bull market, I personally, liquidate assets to make it 50/50. Again, talk to a financial advisor. Hodl some of your assets. I know too many people who "trade it all." Crypto is volatile enough, this is not Vegas. -Be patient. Rule of thumb, any industry with a market cap of 1billion isn't going anywhere. The government can regulate, but they can't get rid of said industry. You'll notice that when Facebook was going to come out with their own token 18 months ago, the U.S. government didn't abolish crypto, they certainly crashed it, they learned about it because they recognized the technology and interest behind it and have since educated themselves and invested in it. Crypto isn't a $1b industry...on a $h!t day like today, it is still $2.25trillion. -Musk, Cuban, China, Buffet: Yes, unfortunately, the market responds to silly tweets and posturing. Know that you didn't miss out. Crypto is still in its toddler years. ---Follow the money. When Cuban was knocking crypto a couple of years ago, he was also accepting it at his sports arenas and buying the short-term dips that his tweets created. -Continue to research. If you want to trade, start with monopoly money. Most exchanges offer a free "training academy." Read Bulkowski. I was compiling data for 9 months before I realized he had already done it for us. -Don't invest more than you can lose -Always be prepared, whether it is for a spike or correction, always have a plan(s) for your next move(s). If you don't have a plan, you are increasing your risk significantly. -resist FOMO -Patience (again). There are no straight lines up or down. There are zig-zags up and zig-zags down. If an industry is growing, your money will grow with it. Lose the get rich quick mentality. I've done very well with crypto, but it wasn't overnight. Weathering storms, taking new positions during a bear market, knowing what I'm investing in, and patience, like anything, will prove more successful. -Treating crypto like a Craps table will give you the same odds as Vegas...the house will win eventually. -Don't look at the charts all day long...that is a micro trend. Always zoom out and look at the big picture. -Stop losses. If you bought BTC at $20k in 2017/2018 and still had it at $5k in 2020, you missed out on a better position that would have been created through setting a stop loss. Research how to use the "average true range" when setting a stop loss. Bull runs don't last forever. -Don't lose sleep. At the end of the day, it is just money. If you are losing sleep over your investment, you are probably overextended in your investment or at the very least not looking at the bigger picture. Good luck. -Joe
BINANCEUS:MANAUSDLong
by keykomg
Mana seems to be in a bullish runIt mana completes Wave (V) more and less 4.2 level we will have a EW bullish case confirmed. It will correct to 3.40 or even lower but we might have good possibilities to rebound and go for the next leg. However if mana breakdown in wave (iv) and do not sustain over 3.4 (SMA 50 in 4 hours time frame) we might enter the bearish case that will take us at least to the previous low at 2.69. This is only EW analysis. It's not financial advice.
KRAKEN:MANAUSDLong
by marcohf7811
A Few Macro-Level Crypto Predictions For 2022At the end of every year, I usually write a predictions article for macro-level trends I expect to happen over the next year. 22' is the wildest one so far, even for me. Full article here: mirror.xyz The three pillars: economics (#crypto) - politics (#inflation) - culture (#NFTs) Here’s a few things I’m expecting to happen in 2022 (this is focused on the US markets, as a disclaimer): Inflation continues well into 22’ - a combination of supply chain issues, automation (those jobs aren’t coming back, folks), runaway government spending/printing, and the lack of significant response by the Feds (target interest rate 0.75% by the end of 22’ -- really?) will likely to cause inflation to spiral out of control, possibly to hyperinflation levels. The spikes in inflation, low interest rates, and the lack of response from the government is likely to push more people into crypto -- Bitcoin first, then into Ethereum and other altcoins as people start to get more familiar with the ecosystem and industry. “Urban flight” has been a concern for the big cities for years (even before the pandemic) as the gap between listed and “real” values of real-estate have been gradually widening over time. Inflation will make this gap much more apparent, leading to a big market correction in the US real-estate market. (Probably in San Francisco first, where the values are the most inflated -- the question is how much spillover there will be when the tide pulls out.) The Evergrande controversy seemed to have had no effect on crypto markets, in fact, real-estate and virtual-estate may be inversely correlated. With Democrats in control of Congress and the presidency, these trends are not likely to ease -- much less stop -- until November of 2022, where they’re projected to cede their majority control in many swing and upset races. After Nov, concerns about COVID are likely to “disappear”, and the Feds may start to take more aggressive stands against inflation but by then the damage would have already been done. The government has been complicit in “cooking the books” when it comes to data points about inflation, home values, job numbers, etc. but the mask is likely to come off shortly where many incumbents are projected to lose their seats and have their initiatives exposed for what it really was. Ethereum finally flips Bitcoin in terms of its market cap after the much anticipated ETH2 upgrade arrives. (Currently planned for June of ‘22.) Bitcoin isn’t going anywhere any time soon, but the combination of altcoin projects consolidating into ETH2 (largely due to high gas fees) and the slow-but-steady decline in market/production performance by the BTC community is likely to take its toll. The NFT and metaverse ecosystems are rapidly evolving and are likely to reach some kind of maturation by 2022. What that looks like is unclear right now, but it is likely to have cultural implication/impacts as well. (Or to put it more bluntly, better pro-crypto propaganda.)
COINBASE:MANAUSDLong
by RyanTanaka
1
The Big Picture to $5.50Merry Christmas. Before Thanksgiving, we were talking about the path to $5.50 and I even potentially made fun of the "get rich quick" mentality that more often than not leaves people missing an opportunity. Patience and intestinal fortitude will reward you in this industry (and research). $5.50 continues to be my first larger target before an ATH. This is not financial advice, just an idea. I think this view is good for newcomers to see how it doesn't happen overnight, FOMO is your enemy, and most importantly that nothing goes straight up and down. Zig-zag up and down and all around. The next couple of channels (yellow and green) will lead to the completion of a Cup and Handle, bringing the price target of MANA into the $5.50 range. Remember, when this rally finally takes off, the FOMO people can potentially pump it up higher, before it corrects, consolidating in the $5.50 range as it prepares for an ATH against the upper trend line of the ascending channel (Red). Know that it is healthy when it comes back from $6+ all the way down to the $4.40 range. Again, just ideas and not financial advice. Good luck and always be prepared for what BTC dropping to $42k would look like on a MANA chart.
BINANCEUS:MANAUSDLong
by keykomg
MANA: Descending Channel & Accumulation ZonesSupport Zone #1 has been tapped multiple times, with wicks between $2.82 - $3.06. This is a strong accumulation area. The only way Support Zone #2 gets hit, in my opinion, is if BTC dumps hard. Once MANA breaks bullish above this descending channel, then we can expect resistance in the low $4 region. In the coming months, I expect MANA to revisit the previous ATH and pass $6. This is not financial advice. These are just my ideas and opinions.
COINBASE:MANAUSDLong
by LA_Designer
4
2 of 3 bullishCurrently, I see the short-term ascending triangle (green) leading to the next step in a symmetrical triangle (red)...or just what was needed to create a H&S scenario (blue). A dip to $3 would confirm the H&S pattern, leading to a drop to mid-$2.40's. Hopefully, it will stay above $3.20 at least until it breaks $3.60, invalidating the H&S. It really depends on BTC. If BTC tests 42-44K again, MANA and everything else will tank...I think, because these are just ideas and not financial advice.
BINANCEUS:MANAUSD
by keykomg
2
BIG MOVE coming soon for MANAMy Reasons are: Prices testing the lower channel for several days making higher highs & higher lows as if trying to get back inside the uptrending channel. The yellow box zone of 3.07 to 3.17 so far has been the classical resistance turned support. The ma ribbons are very compress already in the 4H chart signaling a BIG MOVE soon. My bias is sideways to up with a small chance to make a lower C wave down to complete wave 4 Guys pls also share me your ideas.. Pls like & follow.
BINANCE:MANAUSDLong
by xtremerider8
1